1 / 8Infosys | IT company reported a 3.1% rise in its second-quarter net profit on expected lines. The consolidated net profit of India's second-largest software services exporter rose to Rs 6,215 crore for the July-September period from Rs 6,025 crore a year back and Rs 5,945 crore in the first quarter of this fiscal.
2 / 8HCLTech | IT major on Thursday reported a 9.9% increase in consolidated net profit to Rs 3,833 crore for the second quarter ended September 30. The company posted a net profit of Rs 3,487 crore a year ago. Its consolidated revenue from operations during the reported quarter increased by 8% to Rs 26,672 crore from Rs 24,686 crore in the September 2022 quarter.
3 / 8Bank of Baroda | The second-largest government-owned lender is understood to have acknowledged the unauthorised linking of mobile numbers to bank accounts of customers in order to show higher registrations on its mobile banking application, leading to the regulator taking action against the bank.
4 / 8IRB Infra | The company it has executed definitive agreements to implement the Samakhiyali Santalpur BOT project. The project will be implemented through the company's associate, IRB Infrastructure Trust, with GIC Private participating as a financial investor. The company will also assume the role of Project Manager for STPL to oversee the project's execution.
5 / 8Mahindra Lifespaces | Realty firm on Thursday said it has acquired a 5.38-acre land parcel in the sought-after locale of Wagholi, Pune. This strategic acquisition holds the potential for over 1.5 million square feet of saleable area, marking a promising development in the real estate landscape.
6 / 8Dr Reddy's | Drug firm on Thursday said the United States Food and Drug Administration (USFDA) has issued nine observations for its biologics manufacturing facility located in Bachupally, Hyderabad. The comprehensive pre-approval inspection (PAI) was initiated on October 4, 2023, and concluded on October 12, 2023.
7 / 8Paytm | The Reserve Bank of India (RBI) on Thursday said it has imposed a monetary penalty of ₹5.39 crore on Paytm Payments Bank for violating KYC norms. The central bank said its action was based on deficiencies in regulatory compliance. It is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers, the RBI said.
8 / 8IRCON, RITES | Both companies have informed the exchanges on Thursday said they have been granted the "Navratna" status by the government of India. As a "Navratna" company, a state-run enterprise has the authority to invest up to Rs 1,000 crore without explicit government approval. IRCON and RITES have become the 15th and 16th CPSEs to have been granted the "Navratna" status.
